Linc Limited has informed the Exchange about Transcript
LINC · price
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Linc Limited reported FY26 operating income of INR543 crores (broadly stable YoY) with Q4 FY26 at INR137.67 crores, down 10.6% due to muted corporate gifting orders and geopolitical headwinds hitting exports. Operating EBITDA margin for FY26 was 11% (down 89 bps YoY), though Q4 showed a 41 bps improvement to 12.9%. PAT for FY26 stood at INR3,274 lakhs (5.9% margin). Management highlighted that polymer prices have risen due to supply-side disruptions and immediate full pass-through may not be feasible. The company split its GT sales team into two verticals (mass vs premium) and added 125 frontline salespeople to boost distribution. New products are planned for the INR20+ Pentonic segment. Joint ventures with Mitsubishi Pencil and Turkish partner are progressing, while the Morris subsidiary awaits the West Bengal facility (expected Q3 FY27). Management declined to provide formal FY27 guidance, citing the need for another quarter of visibility.
Near-term headwinds from muted corporate gifting and export geopolitical issues may continue into Q1 FY27. However, the strong balance sheet (net cash of INR686 lakhs), distribution initiatives, and new product pipeline provide medium-term growth potential. Rising raw material costs without full pricing pass-through could keep margins under pressure.